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    Re/Max Aerospace Realty Inc.

    3230 Murrell Rd, Ste 200, Rockledge, FL 32955
    (321) 631-5511
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    Size: 10+ agents

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    • Residential
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    For Sale (46)

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    Commercial Land in Cocoa, FL
    $199,000
    0.56 Acres

    Commercial Land in Cocoa, FL

    Neighborhood Commercial zoned land suitable for various business ventures.

    S Fiske Blvd, Cocoa, FL 32922
    View details
    Mims, Florida Hunting and Camping
    Contact for pricing
    2.42 Acres

    Mims, Florida Hunting and Camping

    2.42 acres suitable for hunting and camping near Rail Trail.

    W Of Rail Trl, Mims, FL 32754
    View details
    Oversized Building Lot Available
    $69,000
    0.32 Acres

    Oversized Building Lot Available

    0.32 acre building lot in Micco, Sebastian, Florida.

    10Th St, Sebastian, FL 32976
    View details
    Cocoa, FL Hunting Land
    Contact for pricing
    3.75 Acres

    Cocoa, FL Hunting Land

    3.75 acres of land suitable for hunting.

    No Address 3.75 Acres, Cocoa, FL 32926
    View details
    Recreational Land Near Rail Trail
    Contact for pricing
    1.19 Acres

    Recreational Land Near Rail Trail

    1.19 acre recreational land near Rail Trail in Mims.

    W Of Rail Trl, Mims, FL 32754
    View details
    Recreational Land Near St Johns
    $35,000
    1.04 Acres

    Recreational Land Near St Johns

    1.04 acre recreational land near Canaveral Groves, Cocoa, Florida.

    Breckinridge Ave, Cocoa, FL 32926
    View details
    Commercial Land in Rockledge, FL
    $150,000
    0.51 Acres

    Commercial Land in Rockledge, FL

    Three commercial lots with frontage on S Fiske Blvd.

    Fiske Blvd, Rockledge, FL 32955
    View details
    Palm Bay Investment Lot Available
    Contact for pricing
    0.23 Acres

    Palm Bay Investment Lot Available

    Investment lot in Palm Bay, Florida, with low taxes.

    3362 Slimtwig Ave SW, Palm Bay, FL 32908
    View details
    Buildable Acre Parcel in Cocoa
    $150,000
    1.00 Acre

    Buildable Acre Parcel in Cocoa

    One-acre lot with mature trees, city utilities, AU zoning.

    Grape And Mango St, Cocoa, FL 32926
    View details
    Recreational Land in Mims, FL
    Contact for pricing
    1.25 Acres

    Recreational Land in Mims, FL

    1.25 acres suitable for recreational and hunting activities.

    Mims, FL 32754
    View details
    Recreational Land in Cocoa, FL
    Contact for pricing
    1.24 Acres

    Recreational Land in Cocoa, FL

    1.24 acres of recreational land near paved road.

    Cocoa, FL 32927
    View details
    Melbourne Land Near US-1
    $1,100,000
    1.67 Acres

    Melbourne Land Near US-1

    1.67-acre M1-zoned land suitable for various commercial uses.

    1075 Mcclendon St, Melbourne, FL 32935
    View details
    Micco, FL Quarter Acre Land
    $59,000
    0.25 Acres

    Micco, FL Quarter Acre Land

    Quarter acre building site near Sebastian Inlet, no HOA.

    3892 14Th St, Micco, FL 32976
    View details
    Micco, FL Building Lot
    $61,000
    0.33 Acres

    Micco, FL Building Lot

    High and dry lot near Sebastian, with city water.

    3947 12Th St, Micco, FL 32976
    View details
    Two Acre Recreational Land Parcel
    $48,000
    2.00 Acres

    Two Acre Recreational Land Parcel

    Two one-acre lots for recreational use or storage.

    6688 Terri Lee Ave, Cocoa, FL 32926
    View details
    One Acre Recreational Land Parcel
    Contact for pricing
    1.00 Acre

    One Acre Recreational Land Parcel

    One-acre parcel suitable for recreational uses, loaded with trees.

    Olkowski Ave, Cocoa, FL 32926
    View details
    Residential Land in Sebastian, FL
    $75,000
    0.42 Acres

    Residential Land in Sebastian, FL

    0.42 acre lot for private home site in Sebastian.

    10Th St, Sebastian, FL 32976
    View details
    Mims, FL Vacant Land
    $50,000
    0.88 Acres

    Mims, FL Vacant Land

    Vacant 0.88 acre building site zoned for mobile homes.

    4130 Hog Valley Rd, Mims, FL 32754
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    LAND - Cocoa, FL
    $40,000
    1.25 Acres

    LAND - Cocoa, FL

    Land

    Cocoa, FL 32927
    View details
    Recreational Land Parcel in Cocoa
    $30,000
    2.31 Acres

    Recreational Land Parcel in Cocoa

    2.31-acre parcel suitable for recreational or agricultural uses.

    Doug Williams Ave, Cocoa, FL 32926
    View details
    Recreational Land in Cocoa, Florida
    Contact for pricing
    1.15 Acres

    Recreational Land in Cocoa, Florida

    1.15 acres of raw land suitable for recreational use.

    Key Deer Ave, Cocoa, FL 32926
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    Recreational Land in Cocoa, Florida
    $75,000
    3.74 Acres

    Recreational Land in Cocoa, Florida

    3.74 acres of recreational land, no HOA, reasonable price.

    Airboat Ave & Beyrum Pl, Cocoa, FL 32926
    View details
    Cape Coral Commercial Building Site
    $55,000
    0.28 Acres

    Cape Coral Commercial Building Site

    Commercial building site suitable for warehouse, retail, and more.

    1919 NE 10Th Ter, Cape Coral, FL 33909
    View details
    Land in Brevard County
    $60,000
    1.11 Acres

    Land in Brevard County

    Over 1 acre of land in Cocoa, Florida.

    Airboat Ave, Cocoa, FL 32926
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    Recreational Land in Cocoa, Florida
    Contact for pricing
    1.15 Acres

    Recreational Land in Cocoa, Florida

    1.15 acre lot suitable for recreational use.

    Key Deer Ave, Cocoa, FL 32926
    View details
    Cocoa, FL Land For Sale
    $289,500
    2.56 Acres

    Cocoa, FL Land For Sale

    2.56 acres zoned for residential use near I-95.

    4550 Hwy 524, Cocoa, FL 32926
    View details
    Mims, Florida Raw Land
    Contact for pricing
    1.22 Acres

    Mims, Florida Raw Land

    1.22 acres of raw land suitable for hunting.

    W Of, Mims, FL 32754
    View details
    Freestanding Retail with Fenced Yard
    $950,000
    1.05 Acres

    Freestanding Retail with Fenced Yard

    Freestanding retail parcel on a fully fenced lot with multiple gated accesses and covered front entrances.

    2815 S Harbor City Blvd, Melbourne, FL 32901
    View details
    Cocoa, FL Land For Sale
    $48,000
    2.02 Acres

    Cocoa, FL Land For Sale

    Two parcels totaling 2.02 acres on Satellite Boulevard.

    Satellite Blvd, Cocoa, FL 32926
    View details
    Citrus Springs Land For Sale
    Contact for pricing
    0.28 Acres

    Citrus Springs Land For Sale

    0.28-acre lot in Citrus Springs, build your dream home!

    6940 N Lime Dr, Dunnellon, FL 34433
    View details
    Palm Bay Wooded Lot Opportunity
    $40,000
    0.23 Acres

    Palm Bay Wooded Lot Opportunity

    0.23 acre wooded lot, ideal for a future home.

    1214 Windingdale St SE, Palm Bay, FL 32909
    View details
    Mims, FL Recreational Land
    Contact for pricing
    1.00 Acre

    Mims, FL Recreational Land

    One acre of land suitable for recreational use.

    Wild Turkey Rd, Mims, FL 32754
    View details
    Residential Land in Palm Bay
    $40,000
    0.23 Acres

    Residential Land in Palm Bay

    0.23 acre wooded lot for future dream home.

    935 Westport St SE, Palm Bay, FL 32909
    View details
    Micco, FL Building Lot
    $61,000
    0.25 Acres

    Micco, FL Building Lot

    Building lot near Indian River and Sebastian Inlet.

    3960 13Th St, Micco, FL 32976
    View details
    Recreational Land in Cocoa, Florida
    Contact for pricing
    1.16 Acres

    Recreational Land in Cocoa, Florida

    1.16 acres of recreational land perfect for outdoor activities.

    Mario Ave, Cocoa, FL 32926
    View details
    Recreational Land in Cocoa, Florida
    Contact for pricing
    1.15 Acres

    Recreational Land in Cocoa, Florida

    1.15 acre lot suitable for recreational use.

    Key Deer Ave, Cocoa, FL 32926
    View details
    Versatile Commercial Land in Melbourne
    $1,100,000
    1.67 Acres

    Versatile Commercial Land in Melbourne

    1.67-acre M1-zoned land suitable for various commercial uses.

    1075 Mcclendon St, Melbourne, FL 32935
    View details
    Residential Lot in Citrus Springs
    Contact for pricing
    0.25 Acres

    Residential Lot in Citrus Springs

    0.2477 acre lot, city water and sewer available.

    6936 N Lime Dr, Dunnellon, FL 34433
    View details
    Mims, FL Raw Land
    Contact for pricing
    2.44 Acres

    Mims, FL Raw Land

    2.44 acres of raw land for recreational use.

    W Of Rail Trl, Mims, FL 32754
    View details
    LAND - Micco, FL
    $59,500
    0.23 Acres

    LAND - Micco, FL

    Land

    3937 12Th St, Micco, FL 32976
    View details
    Recreational Land in Cocoa, Florida
    $62,500
    3.45 Acres

    Recreational Land in Cocoa, Florida

    3.45 acres of land suitable for recreational use.

    Key Deer Ave, Cocoa, FL 32926
    View details
    General Residential Zoned Land Parcel
    $400,000
    9.82 Acres

    General Residential Zoned Land Parcel

    Vacant land in Palm Bay zoned GU, suited for future residential planning with access currently limited pending surrounding development.

    St, Palm Bay, FL 32909
    View details
    Spacious Duplex in Melbourne, FL
    $475,000
    2,658 SF

    Spacious Duplex in Melbourne, FL

    Full duplex with six bedrooms, four bathrooms, and two garages.

    1778 Stewart Pl, Melbourne, FL 32935
    View details
    High Visibility Commercial Land Parcel
    Contact for pricing

    High Visibility Commercial Land Parcel

    1.05 acre commercial land with high visibility and access.

    2815 S Harbor City Blvd, Melbourne, FL 32901
    View details
    High Visibility Commercial Land Parcel
    Contact for pricing
    2,104 SF

    High Visibility Commercial Land Parcel

    1.05 acre commercial land with high visibility and access.

    2815 S Harbor City Blvd, Melbourne, FL 32901
    View details
    Iconic Santa Monica Corner Parcel
    Contact for pricing

    Iconic Santa Monica Corner Parcel

    High-profile corner location with significant exposure and unlimited potential.

    1670 Lincoln Blvd, Santa Monica, CA 90404
    View details

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    Re/Max Aerospace Realty Inc.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Re/Max Aerospace Realty Inc.
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